What is the nature of Interest on Debentures? Post category:Accountancy Reading time:1 mins read SOLUTION Interest on debentures is a charge against the profit which means interest on debentures shall always be paid whether profits are sufficient or not. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostAmount raised by a company by debenture is loan or capital? Next PostGive any two points of distinction between a Share and a Debenture. You Might Also Like A and B are partners in a firm sharing profits in the ratio of 4 : 1. They decided to share future profits in the ratio of 3 : 2 w.e.f. 1st April, 2019. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. July 27, 2022 What will be the impact of ‘Cash Paid to trade Payables on a Current Ratio of 2: 1? State the reason. October 3, 2022 What is meant by change in profit-sharing September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in a firm sharing profits in the ratio of 4 : 1. They decided to share future profits in the ratio of 3 : 2 w.e.f. 1st April, 2019. On that day, Profit and Loss Account showed a debit balance of Rs. 1,00,000. Pass Journal entry to give effect to the above. July 27, 2022
What will be the impact of ‘Cash Paid to trade Payables on a Current Ratio of 2: 1? State the reason. October 3, 2022